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<p>I would agree with Eric, but also point out that you should
probably review the offer carefully to make sure it was properly
filled in and enforceable before some buyer's attorney gets
involved doing the same thing. Annie has been focusing a lot on
Form 17 lately in her agent education, and there are very few
transactions that have properly filled in Form 17s if you use the
strictest standards and some contracts don't even have valid legal
descriptions.<br>
</p>
<p>I would also question whether the contract survives the death of
the seller. I don't remember the answer to that question.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 5/8/2018 4:18 PM, Eric Nelsen wrote:<br>
</div>
<blockquote type="cite"
cite="mid:8CF6ADB264BB704BB884B2ED9C1931D4019BF95CAA@SBS2011.SayreLawOffices.local">
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<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I
don't think an offer/ask to rescind is a breach of the PSA,
so Seller isn't entitled to the EM. Seller just needs to
reject the offer to rescind and inform Buyer that the Seller
Estate intends to close as agreed. Unless Buyer actually
says something affirmative like "I'm not going to close on
this," I don't think you have anticipatory breach.<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Eric
C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">SAYRE
LAW OFFICES, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">1417
31st Ave South<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Seattle
WA 98144-3909<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">phone
206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">fax
206-625-9040<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span
style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span
style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
[<a class="moz-txt-link-freetext" href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>David Faber<br>
<b>Sent:</b> Tuesday, May 08, 2018 4:01 PM<br>
<b>To:</b> wsbarp<br>
<b>Subject:</b> [WSBARP] Earnest Money Deposit Issue<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal">List:<o:p></o:p></p>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">I'm representing the PR of an estate
for a decedent who was under contract for the sale of real
property here in Jefferson County at the time of death.
When Buyer (B) was informed that seller had died, B signed
and transmitted a MLS form 51 Rescission Agreement
attempting to beg out of the PSA and for the refund of the
earnest money deposit. I was, quite frankly, surprised to
see B try to rescind considering the closing date on the
PSA is not until later June and there was no notification
to B that the estate would be unable to close the
transaction as the successor-in-interest to the decedent.
PR now want to boot B out of the transaction but keep the
earnest money deposit as liquidated damages under the
theory that B signing the rescission agreement is
sufficient to indicate that B intends to fail without
cause to close the transaction. Either way, PR is quite
annoyed by B for rushing to exit the PSA when their father
died. <o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">I am unable to find case law on point
here and wondering if anyone has any thoughts or would be
willing to discuss this issue with me?<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><br clear="all">
<o:p></o:p></p>
<div>
<div>
<div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">Best,<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">David
J. Faber<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">Faber
Feinson PLLC<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">210
Polk Street, Suite 1<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">Port
Townsend, WA 98368<br>
(360) 379-4110<o:p></o:p></span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
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